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Jan 1, 2013
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and in this deal they are going to allow that tax cut to expire. that's going to take about $20 a week out of worker's paychecks and put it into the social security trust fund instead. >> thank you very much for that update. on our facebook page we asked you why you think law makers waited so long to reach this phase of the deal. one viewer writes i feel they did it to prove a point. maybe they need a lower salary. maybe they will understand. another writes i could have told you months this was how it was going to play out. 2013 will be social security and medicare reform that will come down to the 11th hour. to read the rest of the comments and leave your own, log on to our facebook fan page. >>> the deal by the senate does not address is the debt ceiling. the u.s. reached legal borrowing limit of $16.4 trillion and now the treasury department must work to buy time until the end of next month. suspend investments for benefit fund. the department will not be able to payoff the nation's bill on time. could set the stage for another capitol hill batt
and in this deal they are going to allow that tax cut to expire. that's going to take about $20 a week out of worker's paychecks and put it into the social security trust fund instead. >> thank you very much for that update. on our facebook page we asked you why you think law makers waited so long to reach this phase of the deal. one viewer writes i feel they did it to prove a point. maybe they need a lower salary. maybe they will understand. another writes i could have told you months...
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president obama campaigned for a lower cut off. $250,000. but he claimed victory. >> keep in mind that just last month republicans in congress said they would never agree to raise tax rates on the wealthiest americans. >> reporter: but house speaker john boehner and his gop lawmakers might still not agree. >> the house stands adjourned until noon tomorrow. >> boehner sent house lawmakers home to celebrate the new year without a vote to avoid the fiscal cliff. >> listen, this is disgusting. and everybody involved should be embarrassed. >> off the cliff at midnight the economy could take a hit but senate leaders hope to counter that with a rare, strong, bipartisan vote. house conservatives could still reject the plan and keep america from climbing back up the cliff. i'm steve handelsman, news 4, capitol hill. >> again the senate is expected to vote on those bills sometime late tonight or early tomorrow morning. top democrats say it will have their support. tomorrow at noon could be where we really find out if the deal holds up. stay with news
president obama campaigned for a lower cut off. $250,000. but he claimed victory. >> keep in mind that just last month republicans in congress said they would never agree to raise tax rates on the wealthiest americans. >> reporter: but house speaker john boehner and his gop lawmakers might still not agree. >> the house stands adjourned until noon tomorrow. >> boehner sent house lawmakers home to celebrate the new year without a vote to avoid the fiscal cliff. >>...
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Jan 1, 2013
01/13
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. >> and, of course, the debt ceiling, this deal doesn't address that. so we could be fighting this all over again in just a few months, president obama already saying he doesn't want to do this. where does this leave things in our last final seconds? >> yes. we'll have another routine over that and republicans feel much strengthened by that because they have the leverage and if the debt ceiling is not agreed to, then the credit rating of the united states as a country will go down. the president didn't want to play this game, looks like he's now going to have to play this game. >> and the political near the rancorring continues. >> but happy new year. >> same to you, always a pleasure to see you and we'll see you next year. >> okay. >>> on to much better news, can you believe it? the redskins are nfc east champs. last night's 10 point win over the dallas cowboys was their seventh straight victory, so good-bye 2012, hello 2013 and a trip to the playoffs. we are here with sports director scott smith. you were the good luck charm i'm going to say. you roll
. >> and, of course, the debt ceiling, this deal doesn't address that. so we could be fighting this all over again in just a few months, president obama already saying he doesn't want to do this. where does this leave things in our last final seconds? >> yes. we'll have another routine over that and republicans feel much strengthened by that because they have the leverage and if the debt ceiling is not agreed to, then the credit rating of the united states as a country will go down....
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Dec 31, 2012
12/12
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FOXNEWSW
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obama, on an interview on "meet the press" was cautiously opt missic. >> i'm confident that one of two things will happen when it comes to the fiscal cliff. one, we'll see an agreement within the next 48 hours in which case middle class taxes will not go up. if that doesn't happen, then democrats in the senate will put a bill on the floor of the senate and republican also have to decide if they're going to block it. >> biden and mcconnell are said to be only about $100,000 apart on where the bush era tax cuts would expire with the republican pushing for $550,000 a year. democrats offering a 450,000. biden stowed have given up his push to raise the estate tax. democrats are trying to delay spending cuts until 2015 and republicans are demanding more spending cuts to offset extended unemployment benefits and farm subsidies. lot of ground to make up. but mcconnell says his decision to reach out to biden was a good one. >> the vice president and i worked together on solutions before and i believe we can again. i want my colleagues to know that we'll keep everyone updated, the consequences o
obama, on an interview on "meet the press" was cautiously opt missic. >> i'm confident that one of two things will happen when it comes to the fiscal cliff. one, we'll see an agreement within the next 48 hours in which case middle class taxes will not go up. if that doesn't happen, then democrats in the senate will put a bill on the floor of the senate and republican also have to decide if they're going to block it. >> biden and mcconnell are said to be only about $100,000...
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Dec 30, 2012
12/12
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they come out with a deal, they may not reach a deal. it's possible that the republican leader mitch mcconnell and democrat leader harry reid may not make a compromise at which point harry reid says he'll put president obama's plan, $250,000 as a threshold for raising income tax rates and extending unemployment benefits and that's about it, put that to an up or down vote and see if republicans block it either in the senate or the house. not necessarily going to be a compromise deal although that obviously would have a much better chance of passing congress if it gets some republican behind it. >> juliet: you're going to have lindsey graham on the show. i think it was lindsay graham the other day who said you call these public-- you announce the meetings publicly it's usually political theater. what is your assessment what's happened over the last couple of days? are we really seeing any real action going on behind the scenes in your opinion? >> well, absolutely. i mean, there's no question, and i think it's much more in terms of the staf
they come out with a deal, they may not reach a deal. it's possible that the republican leader mitch mcconnell and democrat leader harry reid may not make a compromise at which point harry reid says he'll put president obama's plan, $250,000 as a threshold for raising income tax rates and extending unemployment benefits and that's about it, put that to an up or down vote and see if republicans block it either in the senate or the house. not necessarily going to be a compromise deal although...
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Dec 29, 2012
12/12
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coming up, president obama pushing congressional leaders to strike a fiscal cliff deal before it's too late. so far, though, neither side have put forward a deal that will pass both houses. so what will it take to get members lined up behind a yes vote, kelly? >> kelly: might be a prayer. >> heather: do you have a plan? >> kelly: how about a prayer. and before you count down to 2013, you may want to break out some champagne and st. sparkling wine. "consumer reports" is here with the best bubbly for your buck with the spark miles card from capital one, thor gets great rewards for his small business! your boa! [ garth ] thor's small business earns double miles on every purchase, every day! ahh, the new fabrics. put it on my spark card. ow. [ garth ] why settle for less? the spiked heels are working. wait! [ garth ] great businesses deserve great rewards. [ male announcer ] the spark business card from capital one. choose unlimited rewards with double miles or 2% cash back on every purchase, every day! what's in your wallet? [ cheers and applause ] a body at rest tends to stay at rest...
coming up, president obama pushing congressional leaders to strike a fiscal cliff deal before it's too late. so far, though, neither side have put forward a deal that will pass both houses. so what will it take to get members lined up behind a yes vote, kelly? >> kelly: might be a prayer. >> heather: do you have a plan? >> kelly: how about a prayer. and before you count down to 2013, you may want to break out some champagne and st. sparkling wine. "consumer reports"...
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Dec 29, 2012
12/12
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if they can't reach a deal, taxes go up on all of us. plus, don't forget the impact on your 401k. audrey barns joins us with the latest. >> reporter: everyone involved in a meeting between republican and democratic leaders described it as productive, yet it didn't produce an agreement and there are two days left to get it done to avoid automatic tax hikes and across-the-board spending cuts. lawmakers involved in the white house summit vowed to keep chipping away at the sticking points to reach a deal. while senate minority leader mitch mcconnell struck an optimistic tone, senate majority leader harry reid sounded cautious, warning americans whatever they come up with by sunday won't be perfect. after the meeting, president obama made it clear failure is not an option. >> if we don't see an agreement between the two leaders and the senate, i expect a beam to -- bill to go on the floor, and i have asked senator reid to do this, put a bill on the floor that taxes on the middle class families don't go up, that unemployment insurance is available for 2 million people, and that lays the
if they can't reach a deal, taxes go up on all of us. plus, don't forget the impact on your 401k. audrey barns joins us with the latest. >> reporter: everyone involved in a meeting between republican and democratic leaders described it as productive, yet it didn't produce an agreement and there are two days left to get it done to avoid automatic tax hikes and across-the-board spending cuts. lawmakers involved in the white house summit vowed to keep chipping away at the sticking points to...
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Dec 29, 2012
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gregg. >> arthel: if negotiations fail or lawmakers don't like a final deal, president obama wants to move forward with a plan c. what's in that? >> it would focus on three key areas. keeping the tax cuts for those making $250,000 a year or less, extending unemployment benefits and delayed dramatic spending cuts until later next year. president obama says the u.s. cannot afford a politically self-inflicted wound to our economy. >> fortunately congress can prevent it from happening if they act right now. i just had a good and constructive discussion with senate and house leadership about how to prevent this tax hike on the middle class. i'm optimistic we may still be able to reach an agreement that can pass both houses in time. >> the wild card is figuring out what it will take to get a final deal to pass in the house of representatives. they return tomorrow, probably around when we find out if the top two senators reached an agreement. >> gregg: mike emmanuel live in washington. thanks very much. be sure to watch fox news sunday tomorrow. chris wallace talks fiscal cliff with u.s. sen
gregg. >> arthel: if negotiations fail or lawmakers don't like a final deal, president obama wants to move forward with a plan c. what's in that? >> it would focus on three key areas. keeping the tax cuts for those making $250,000 a year or less, extending unemployment benefits and delayed dramatic spending cuts until later next year. president obama says the u.s. cannot afford a politically self-inflicted wound to our economy. >> fortunately congress can prevent it from...
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Dec 29, 2012
12/12
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president obama told reporters that he was modestly optimistic that a deal could be reached. he's counting on the sen if we l cliff because john boehner, the speaker of the house of representatives wasn't able to get the republicans to get the republicans to support a plan b. >> here is the rub, may i go? here is the rub. >> please. >> boehner knows how to negotiate and took on bowles plan, simpson bowles, he took on part of their plan, his first proposal. his second proposal was nancy pelosi's proposal she offered in may of this year of doing tax cuts on people of one million dollars and above, that are one million and above. >> and now plan c now. >> now, now proposal-- >> for the republicans to get-- >> no, he was not and that's his failure dealing with his party, but as for negotiating, boehner has put forth many things. it's president obama that needs to take a page out of the play book of clinton to be able to move more to the middle. >> kelly: okay. and core of both of your arguments, here is what we're seeing on capitol hill as well, members of both sides of the aisle
president obama told reporters that he was modestly optimistic that a deal could be reached. he's counting on the sen if we l cliff because john boehner, the speaker of the house of representatives wasn't able to get the republicans to get the republicans to support a plan b. >> here is the rub, may i go? here is the rub. >> please. >> boehner knows how to negotiate and took on bowles plan, simpson bowles, he took on part of their plan, his first proposal. his second proposal...
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Dec 28, 2012
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this looked like president obama coming back with the same deal at 250. they are miles apart. >> kimberly: you were able to speak to people on the hill. what was your reaction? >> andrea: the president spread the stories that he will come to the table with a deal. swan dive off the fiscal cliff, hold your nose. we're going off. president obama wants to us go off hecht will come back with a largeer plan. the obama tax cut. then he will be able to reintate across-the-board sequestration cuts. 8.2% across the board. cut defense and health. they will be able to reintate a lot of programs and give his caucus the opportunity to say look, i am voting for something. i am voting to restore tax cuts for the middle class. voting to restore great thin things. republicans are in a tough position. no one will say vote to restore the tax cut for rich. this is his game plan from day one. >> eric: what is the a terptive? $250,000 and above? we see obama not oftenning cuts at all. looking for spending. >> kimberly: managing the message very well. conciliatory. >> andrea: b
this looked like president obama coming back with the same deal at 250. they are miles apart. >> kimberly: you were able to speak to people on the hill. what was your reaction? >> andrea: the president spread the stories that he will come to the table with a deal. swan dive off the fiscal cliff, hold your nose. we're going off. president obama wants to us go off hecht will come back with a largeer plan. the obama tax cut. then he will be able to reintate across-the-board...
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Dec 28, 2012
12/12
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crisis. >> i hope there is a deal that avoid the worst parts of the fiscal cliff, mainly taxes going up and middle-class people. i think the odds are better than they could be that people think. >> the agreement would include not only an extension of middle- class tax cuts but would also extend unemployment benefits for millions. >> tax increases need to be avoided, they can be. in the end, we will get a deal. the question is the timing. it is encouraging that both sides continue to sit down and have lines of communication open. >> but a smaller deal will only leave a problem for the incoming congress in january. that is discouraging to america's ceo's. >> we still have the big problem of how we are going to fix our deficit and debt in the country. we know the parties have to work together, and we know we have to resolve this as quickly as possible. >> wall street is keeping a close eye on talks in washington. analysts are worried that any delay could rattle already fragile markets. >> two weeks after the tragedy at sandy hook elementary, the topic of gun-control has heated up at the
crisis. >> i hope there is a deal that avoid the worst parts of the fiscal cliff, mainly taxes going up and middle-class people. i think the odds are better than they could be that people think. >> the agreement would include not only an extension of middle- class tax cuts but would also extend unemployment benefits for millions. >> tax increases need to be avoided, they can be. in the end, we will get a deal. the question is the timing. it is encouraging that both sides...
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Dec 28, 2012
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but hope for a new deal is fading. just yesterday, the senate majority leader is accusing the speaker of running a dictatorship if there's no deal within four days. just about every american will see their taxes go on up. >>> and this morning, more snow is threatening to make holiday travel difficult for millions of americans. as sam has been telling us, snow is falling across the upper midwest and will be moving into the northeast tomorrow. meantime, the recovery from the last storm is just beginning. 135,000 homes and businesses still without power in arkansas alone. many of them could be in the dark through next week. >>> and this morning, russian president vladimir putin has signed a highly controversial bill which bans americans from adopting russian children. dozens of pending adoptions now frozen, even cases where children -- this is heartbreaking -- were just days away from moving to the united states. russia banned the adoptions in retaliation for a new u.s. law that sanctions russian officials accused of huma
but hope for a new deal is fading. just yesterday, the senate majority leader is accusing the speaker of running a dictatorship if there's no deal within four days. just about every american will see their taxes go on up. >>> and this morning, more snow is threatening to make holiday travel difficult for millions of americans. as sam has been telling us, snow is falling across the upper midwest and will be moving into the northeast tomorrow. meantime, the recovery from the last storm...
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Dec 28, 2012
12/12
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coming up the sign the lack of deal is already hurting the u.s. economy. >>> the contra costa -- they are in the fire chief and board members. we've posted the list of times on the hot topics page of ktvu.com. >>> people in the midwest open -- snow if flow -- and it could be that way for a few days. the deaths of more than a dozen people in several states are if if >>> the -- he was taken >>> a few hours later bart trains were held at the concord station because of a report with a man with a gun. the police activity did cause delays on the pittsburgh bay point line. those reports were not related to the earlier shooting and nothing was found. >>> the brawl that caused wide spread panic inside a mall caused -- no shots were actually fired but there was a brawl. police arrested three people. all the commotion led to a lock down and likely kept thousands of post christmas shoppers out of the mall. there is no estimate on how much money businesses lost. experts tell the sacramento bee it's likely a significant count. >>> the shortage is due top bad we
coming up the sign the lack of deal is already hurting the u.s. economy. >>> the contra costa -- they are in the fire chief and board members. we've posted the list of times on the hot topics page of ktvu.com. >>> people in the midwest open -- snow if flow -- and it could be that way for a few days. the deaths of more than a dozen people in several states are if if >>> the -- he was taken >>> a few hours later bart trains were held at the concord station...
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Dec 28, 2012
12/12
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president obama meets with congressional leaders this afternoon. democrats and republicans both say a deal at this point would probably extend bush era tax cuts for most persons and raise taxes on the country's top earners. it could include an extension of long-term unemployment benefits, spending cuts would also be postponed. >>> house speaker john boehner will be at today's meeting. he says the house will convene for a rare sunday evening session. eric cantor says the house could be in session until january 2nd. that's the day before the new congress is sworn in. boehner, meanwhile, still maintains that it's up to the senate at this point to make the first move. >>> going over the fiscal cliff could have a huge impact on the local economy. thousands of people could lose their jobs, especially federal employees and government contractors. the defense industry could face billions of dollars in cuts. >> i represent the third largest number of federal employees and probably the largest single number of federal contractors. so that federal nexus is re
president obama meets with congressional leaders this afternoon. democrats and republicans both say a deal at this point would probably extend bush era tax cuts for most persons and raise taxes on the country's top earners. it could include an extension of long-term unemployment benefits, spending cuts would also be postponed. >>> house speaker john boehner will be at today's meeting. he says the house will convene for a rare sunday evening session. eric cantor says the house could be...
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Dec 28, 2012
12/12
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can they make a deal or can they do their jobs or is this just more political drama? >> we want an agreement. >> the count down is midnight. the start of a new year. >> we are going over the cliff because frankly i believe it's what the president wants. >> the american people are waiting for the ball to drop, but it's not going to be a good drop. >> but we have no takers. >> every republican, every democrat ought to be here. >> the phone never raining. >> they should negotiate a plan. they shouldn't have the mine are in plan, they should have the biglan. >> here we are five days from the new year, and we might finally start talking. >> the republicans are sitting there with a nuclear weapon. they have the debt ceiling coming up. they can use that as part of this negotiation. >> what is going on here? >> the president called me and probably called others last night. my impression is he would like to see if we can move forward. >> you can't legislate with yourself. >> the breaking news of the moment is that the house republican leadership is calling its members back for
can they make a deal or can they do their jobs or is this just more political drama? >> we want an agreement. >> the count down is midnight. the start of a new year. >> we are going over the cliff because frankly i believe it's what the president wants. >> the american people are waiting for the ball to drop, but it's not going to be a good drop. >> but we have no takers. >> every republican, every democrat ought to be here. >> the phone never raining....